Posted by FGX/NJ on 11/15/13 5:51am
Msg #492863
Letter from OFPB Ombudsman
This is in reply to letter I sent pointing out the danger to borrowers of unregulated, unlicensed
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CFPB_Ombudsman Nov 14 at 8:05 PMTo'Jim Lissemore', Mr. Lissemore -- Thank you for contacting the CFPB Ombudsman’s Office and we appreciate your patience as we are a very small office. The CFPB Ombudsman’s Office provides an independent, impartial, and confidential resource to informally assist consumers, banks, and nonbanks in resolving issues with the CFPB.
We appreciate your sharing this information with us. You may also want to share it with the CFPB’s Whistleblower Office, which is staffed by Enforcement Attorneys. They can be reached at: [e-mail address] or (855) 695-7974.
We hope this information is helpful and thank you again,
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Reply by FGX/NJ on 11/15/13 6:09am
Msg #492864
Fowarded to whistle blower
Jim Lissemore Today at 7:05 [e-mail address], I sent the following em to the CFPB Ombudsman.
Dear Sir/MaamA number of large lenders and title companies have set up an organization named above.The purpose of this group is to set standards for independent mobile Notaries Public who act as "signing specialist" for mortgage loans and refies to meet the CFPB requirements for protecting the borrower(consumer).You can find these on their web site. One issue they avoid is their use of middlemen to hire Notaries, which is cost effective for them. These middlemen are referred to as "signing services". They are unregulated and unlicensed by any federal or state agency. They are the weak link in protecting consumer privacy.The banks and title companies are regulated by federal and/or state agencies.Notaries Public are commission Officers of their state.Over the years there have even been cases were individuals with criminal records have set up as signing services.Many notaries have been defrauded of their fees. Sometimes they just disappear or file bankruptcy and reappear under another name. These people have access to the borrows confidential information. This practice should be forbidden and the banks and title companies required to deal directly with Commissioned Notaries Public. Respectfully submitted James H. Lissemore, President
www,Flexo-Notaries Inc
They suggested that I also foward it to your office
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